Apartment Rental-Realty Network in Tulsa, OK offers the Good Neighbor Next Door program, allowing teachers, police officers, and firefighters to buy HUD homes at a 50% discount off the list price with a down payment of only $100. Participants can include renovation costs and closing costs in their FHA loan, and homes are chosen through a lottery system.
Currently, the company has Good Neighbor Next Door homes available in Desert Hot Springs, CA, Washington, DC, and Poughkeepsie, NY, with various sizes and prices. The deadline to enter the lottery for these homes is specified, and participants must meet certain criteria, such as being a full-time, state-certified teacher or a firefighter/law enforcement officer, and not having owned a home in the last year. FHA 203K renovation mortgage is also eligible for financing renovation expenses into the mortgage.
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